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PepsiCo completes acquisition of poppi, accelerating strategic portfolio transformation
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Saturday, 24 May, 2025, 08 : 00 AM [IST]
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New York and Texas, USA
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PepsiCo Inc., announced that it has closed the acquisition of poppi for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes a performance-based earnout contingent on achieving certain performance metrics.
This acquisition marks a significant step in its ongoing transformation of its portfolio, reinforcing its commitment to meeting evolving consumer preferences for great-tasting, functional products. It is a fast-growing prebiotic soda brand, and is among the company’s recent acquisitions, including Siete and Sabra, aimed at aligning with consumers' modern wellness priorities.
Ram Krishnan, CEO of PepsiCo Beverages US, said, "poppi represents a compelling strategic fit within our short- and long-term vision for the future of beverages. Its rapid growth, strong consumer engagement, and differentiated functional positioning make it a dynamic addition to our portfolio. We are excited to scale poppi's momentum and unlock new growth through our capabilities – we're just getting started."
Chris Hall, CEO of poppi, said, "PepsiCo's belief in the poppi brand is a tremendous validation of the work we've done to advance our mission. Their partnership and resources will be instrumental as we scale to our next phase of growth. We're incredibly grateful to our passionate community and look forward to welcoming even more consumers into the poppi portfolio."
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